#government relations

The post Kalshi backs prediction markets lobby group with former Trump official appeared on BitcoinEthereumNews.com. Kalshi has backed a new advocacy group, Americans for Fair Markets, as the prediction market industry faces rising pressure from casinos, sportsbooks, state regulators, and Congress.  Summary Kalshi-backed Americans for Fair Markets will lobby for federal prediction market rules and consumer protections. The launch comes as Congress now probes Kalshi and Polymarket over insider trading control systems. State gambling cases keep pressure on platforms seeking CFTC-led oversight of event contracts nationwide. The group launched with Taylor Budowich, a former deputy White House chief of staff, as strategic advisor. Americans for Fair Markets plans to shape federal policy for prediction markets and federally regulated exchanges. Kalshi said the group will support paid and earned campaigns against what it called “false narratives about prediction markets” from sportsbook and c

Kalshi backs Americans for Fair Markets with ex-Trump aide as House probe and state gambling cases raise pressure on prediction markets now.

"We’re not going to be outspent or out-organized by entrenched interests protecting their monopolies," said John Bivona, head of government relations at Kalshi.